A news release said the fund’s sub-adviser is Center Coast Capital
Advisors, a Houston-based investment adviser.

MLPs, represented by the Wells Fargo Securities MLP Index, have
provided one of the best risk adjusted rate of returns of any asset
class over the past decade, as compared to such indices as the S&P 500, MSCI EAFE, FTSE NAREIT, and Barclays Capital
US Corp High Yield Total Return, according to the announcement.

The fund will be managed by Center
Coast CEO and founder, Dan Tutcher, as well as by co-founders Steven Sansom and Darrell Horn, and senior
portfolio manager, Robert Chisholm.

Direct investments in MLPs have historically created onerous
and complex tax obligations, as investors would receive K-1s and, in
some cases, State and UBTI tax filings for each MLP owned, the news
release said. Investors in the Center Coast MLP Focus Fund will receive a
single IRS Form 1099. The fund intends to provide daily
liquidity and will be available in A, C, and Institutional share
classes.

The Center Coast MLP Focus Fund intends to invest in a focused
portfolio of approximately 15 to 20 high quality MLP common units and
equity securities of MLP affiliates, mostly involved in midstream energy
refining, storing, and transportation. The fund is currently available
for purchase through Fidelity and Schwab.